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Property profile & analytics
OFF-MARKET
Land

700 6Th St Socorro, NM 87801

0.71 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land opportunity presents five available pad sites totaling approximately 8.96 acres in Socorro, New Mexico. The property is strategically located directly in front of and adjacent to the only Walmart Supercenter within a 45-mile radius, ensuring high visibility and significant foot traffic. The sites are centrally located in Socorro, offering easy access and excellent exposure. Pad sites two, five, and six are specifically highlighted, with pad two measuring 0.906 acres, pad five measuring 0.708 acres, and pad six encompassing a substantial 6.267 acres. This larger parcel provides unparalleled exposure to Interstate 25, a major thoroughfare. All parcels are conveniently accessed from North California Street, with two exits directly off I-25. The area boasts a thriving commercial environment, as evidenced by the recently opened Subway restaurant at the main entrance along North California Street. Additional parcels are available as part of this development, presenting a unique opportunity for investors seeking a prime location with high potential for return. The total acreage for sale includes the three specified pads, and the total acreage is approximately 8.96 acres. This is a rare opportunity to secure a prominent commercial presence in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 0.71 ac (30,928 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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